JVN Ltd has announced the Unaudited Standalone results for the quarter ended September 30, 2016 and has posted a net profit of Rs 521.87 crore for the quarter ended September 30, 2016 as compared to Rs 565.24 crore for the quarter ended September 30, 2015.

aypee Infratech Ltd has announced the Unaudited Standalone results for the quarter ended September 30, 2016 and it has posted a net loss of Rs (131.77) crore for the quarter ended September 30, 2016 as compared to net los of Rs (169.14) crore for the quarter ended September 30, 2015.

his week saw Bank of India sell 18% stake in Star Union Dai-ichi Life Insurance to Dai-ichi Life. IIFL presents a weekly snapshot of all the major happenings in the Insurance and Mutual Fund industry nationally and internationally.

e have changed the scheme name to pay homage to our founder, late Parag Parikh, whose vision and actions have been instrumental in where we stand today. Given his standing and image in the industry, it has the potential to ensure better connect and recall among investors, as compared to the acronym. said Neil Parikh, Chairman and CEO, PPFAS Mutual Fund.

enchmark NYMEX light sweet crude futures had jumped to $47.83/barrel at Thursdays close in New York from $44.48 at the close of last Friday, while ICE Brent leapt to $49.24/barrel from $45.89 over the same period.

enchmark NYMEX and Brent crude futures, currently locked in the $40s per barrel band, are vulnerable to downward pressure in the short term from factors such as an inconclusive producers meeting next week in Algiers to discuss production curbs, and rising supply from Russia and OPEC. Add to that, the threat of a body-blow to global oil demand in the longer term posed by the probability of a recession.

enchmark NYMEX and Brent crude futures, currently locked in the $40s per barrel band, are vulnerable to downward pressure in the short term from factors such as an inconclusive producers meeting next week in Algiers to discuss production curbs, and rising supply from Russia and OPEC.

ndian consumption growth, even assuming a strong 7% on-year average increase for 2016, would only add about 300,000 b/d. With no other Asian countries contributing any big absolute numbers to oil demand, we would say the IEAs demand growth projections for the region at around 900,000 b/d are still way too optimistic.

ndia lags behind Bhutan (78), Nepal (108) and Sri Lanka (111) but rises above China (113), Bangladesh (121) and Pakistan (133). Hong Kong again tops the index, continuing its streak of number one rankings, followed by Singapore and New Zealand.

ber driver partners will have easy access to avail car insurance with best-in-class insurance premium rates and a host of value added services like insurance advice from experts through one-on-one interaction and Express Claims Service to name a few.

wina International will help promote and market Focus entire suite of ERP solutions including Focus 8, Focus i and Focus RT to businesses across the country including verticals such as trading and manufacturing.

ffering a seamless service experience to the retailers as well as customers, the easy-to-set up payment gateway demands neither of the transacting parties to download the application and can be used for payments of all scales and sizes.

he service, which is available on the Ridlr app and is powered by Trimax, has also launched a scheme, wherein, starting from 10th December, the first 10,000 travellers shall travel free for a week, receiving credit worth upto Rs 100.

ith a view to promote digital transactions and encourage merchant establishments to accept such card payments, Government has waived service tax on such amount charged while making payments though credit card, debit card, charge card or any other payment card.

ack of consensus on the issue of how the new tax, having central and state elements, would be collected and administered is holding up the supporting legislations on the Goods and Service Tax (GST), which the government is keen on introducing from April 1 next year.

he MoU shall enable exchange of officials from both the Governments to facilitate sharing of best practices, offering technical assistance and enhanced implementation of reforms. The collaboration shall also cover State Governments in its ambit.

This week, Airtel offered free voice calls to anywhere in India, Tata Docomo Business Services launched new product, unveiled growth strategy. IIFL presents a weekly snapshot of all the major happenings in the Telecom industry.

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